Stocks & Equities

Billions Of Dollars Are Flooding Into The Flying Taxi Space

In the 1940s, Henry Ford regaled us with this little fantastical gem: “Mark my words – a combination aeroplane and motor car is coming…You may smile. But it will come.” Eight decades later, and Ford is vindicated.  Toyota just made a nearly $400-million bet on flying taxis as tech competition in this segment gets fierce.

The Japanese carmaker said it is investing $394 million in California-based Joby Aviation, an aerospace company that hopes to be among the first to develop and commercialize all-electric flying taxis.

It’s the second time Toyota has seen fit to pump money into this idea.

In early 2018, the Japanese auto giant teamed up with Jetblue, investing $100 million in Joby during the company’s previous funding round. With Toyota’s latest investment, Joby  just closed its latest round of financing with $590 million in venture capital funding.

And the year before that, Toyota backed Recogni Inc., a Silicon Valley maker of autonomous vehicle systems, and May Mobility, a Michigan-based operator of self-driving shuttle buses….CLICK for complete article

 

The last few months have seen a major improvement in investor sentiment towards silver, according to Philip Newman, Director at Metals Focus, who recently presented the Metals Focus / Silver Institute Interim Silver Market Review. The silver price benefitted in 2019 from a host of factors, including global economic and political concerns, as some investors sought safe haven investments, such as silver.

Highlights of the Interim Silver Market Review include:
• Healthy gains were projected for physical silver investment in 2019, with sales of silver bars and coins projected to rise by 7% to a three-year high. In the US, investment was on track to record its first annual increase in four years, thanks to improving price expectations and rising price volatility, although levels remained historically low. In India, the partial recovery that started in 2017 continued in 2019, although the sharp rally in the rupee price saw sales ease recently, particularly in rural areas.

• Disruptions and strikes across South America impacted global mine production, which was expected to fall by 0.7% in 2019 to 849.3 million ounces.

• For the second year in a row, silver industrial fabrication was expected to hold at a record high. However, in the wake of the escalating US-China trade war, several areas of silver electrical and electronic end-uses have struggled. That said, any negative impact on silver demand had been mitigated by higher silver usage in other categories, especially in the automotive sector.

• Global silver jewelry and silverware demand was projected to grow by 3% and 4% respectively in 2019. For both, the year’s increases were almost entirely led by India, where gains had been assisted by increasing awareness of sterling silver, and growth in organized retailing, along with the benefits from restrained silver prices in the first half of 2019. • Overall, the silver market was expected to record a small surplus in 2019. However, this metal should have been easily absorbed by investors as rising macroeconomic uncertainties and fresh monetary easing by major central banks rejuvenated the appeal of safe haven assets from mid-2019 onwards which, looking ahead, should continue to benefit precious metal prices.

For more information about the report including a supply & demand chart, click here.

Still No Ridesharing in BC

Calgary and Edmonton should be laughing at this one. Toronto too. Despite many promises – Vancouver and BC don’t have ride sharing. And amazingly – “progressive” politicians tell us to ignore one of the biggest changes in society – the advent of the sharing economy.

Taxpayers Deserve the Whole Story

Lots of public sector contracts are about to be negotiated and the norm is to talk about wages but it’s the benefits that can be the biggest cost. It’s about time taxpayers got the facts – after all they’re paying for it.

Goofy Award, Shocking Stat & Quote of the Week

Goofy Award 

It’s the funniest, most absurd statement of the campaign and that’s saying something. Think of all the competition in a sea of inane, over the top remarks – and it’s not even close.

Shocking Stat 

Canadians especially in BC and Quebec…and Ottawa – don’t seem to have any idea how much the slowdown in Alberta costs the whole country. 

Quote of the Week 

Famed economist Thomas Sowell on how we no longer count our blessings and instead focus on our unfulfilled desires. 

Mike’s Editorial – Where Will Government Go For The Money?

We need billions more for existing programs – tens of billions more for new promises. When the next downturn hits – the deficit will explode and governments will go where the money is – your home.